Quarterly or Semiannual Financial Statements

PPL Corp. reported strong second quarter earnings Thursday, as it works to complete a spin-off of its competitive energy supply business into a new stand-alone entity. The Allentown-based energy company reported earnings of $229 million or $0.34 a share, down from $405 million or $0.63 a share last year, but ahead of analysts' forecasts. Adjusting for special items, which include tax valuation charges related to the impending spin-off, PPL's earnings for the quarter were $357 million, or $0.53 a share, ahead of 2013, the company said. Revenues for the quarter were $2.9 billion, down from $3.5 billion for the same period of 2013, but also ahead of analysts' estimates. ...

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